Dáil debates

Thursday, 14 February 2019

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions

Corporation Tax

10:50 am

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I reiterate that receipts in 2018 were 50% higher than in 2015, which was the period examined, which underlines the need for this review. What I hear from the Minister is that he accepts the principle of a review of the sustainability of the corporation tax receipts. I welcome that. It is progress. Fianna Fáil is very happy to engage with the Minister on this issue. The review should be external to the Department of Finance, by which I mean no disrespect to the Minister's officials. We should try to work together to agree on terms of reference. The Minister should consult with bodies such as the ESRI and, indeed, the Irish Fiscal Advisory Council, on the best way to go about this. It does not need to be a very expensive external professional services firm. There is probably expertise in the State's ambit and we should consult with those bodies on precisely what we need to examine. However, I take it that the Minister accepts such a review in principle and I am offering to work with him and others to frame it and work through the best way of conducting such a review as it is a crucial question for the future of our economy and future prudent budgetary management.

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